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Barchart
Rich Asplund

Cocoa Prices Slide as the Ivory Coast Ramps-Up Cocoa Production

COCOA Ice Ivory Coast London ICCO

March ICE NY cocoa (CCH25) today is down -355 (-3.78%), and March ICE London cocoa #7 (CAH25) is down -359 (-4.64%).

Cocoa prices today are sharply lower, with London cocoa falling to a 1-week low.  An increase in cocoa supplies from the Ivory Coast, the world's largest producer, is weighing on prices.  Government data Monday showed that Ivory Coast farmers shipped 734,026 MT of cocoa to ports from October 1 to December 1, up +34.6% from 545,164 MT shipped the same time last year.

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